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Oct 1, 2012
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that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to
that it is really about public employee unions because the private unions are protected by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're...
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Oct 5, 2012
10/12
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>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i could, to the employment report of this morning, senator. i don't know whether you were able to hear the previous conversation -- >> yes. >> -- but jack welch tweeted out this morning that he basically doesn't believe these numbers, the 7.8% unemployment rate and he alleged that those numbers were manipulated by the administration. we just had a republican congressman on who believes the same thing. what's your opinion? what do you make of this number, and given what you see in your own backyard, does it ring true? >> well, i think that it's pretty significant that for the first time in nearly four years
>> the law is the law. the law is that $460 billion is going to have to be cut out of defense. they should be planning for that now, because those cuts are supposed to begin on the first of january. those are facts. facts are stubborn things. since when do we disobey laws because we anticipate changes in the law? i have never heard of such a thing and i think it is outrageous to make that assumption because that's not how government's supposed to work. >> let me turn you, if i...
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Oct 9, 2012
10/12
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the government there saying it will likely pass a law forcing banks to reduce the amount owed on mortgages. are we in the same spot in joining us with the president of team investments, tanya macyo. and new face to cnbc, welcome the u.s. economiest at b and b par rag way. good to have you on the show. thank you very much. like to get to you, first of all, you do not believe in further u.s. government intervention in the housing market but do believe putting the onus on the banks. >> i absolutely do the taxpayers billed out the bank $14 trillion. the banks are sitting on $1.64 trillion of reserves. i think it's time that the banks taken responsibility and truly help the homeowners that should be helped. not every homeowner should you can helped. truly upside down and can't afford their home, better to short sale, get out, foreclose, doesn't matter, get out of that bad situation, but people that are in their homes, that principal reduction could truly help and not only will it help the homeowner, it will truly help economy and act like a stimulus package. >> yelena, do you believe as well it
the government there saying it will likely pass a law forcing banks to reduce the amount owed on mortgages. are we in the same spot in joining us with the president of team investments, tanya macyo. and new face to cnbc, welcome the u.s. economiest at b and b par rag way. good to have you on the show. thank you very much. like to get to you, first of all, you do not believe in further u.s. government intervention in the housing market but do believe putting the onus on the banks. >> i...
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Oct 8, 2012
10/12
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laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is the country
laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying --...
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Oct 8, 2012
10/12
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computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it'
computer systems should not include any components made by these companies and they may have violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only...
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Oct 3, 2012
10/12
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. >> for those that were previously reduced, we are required by state law, proposition 8, to restore the assessed value to reflect the improving market value when the market begins to turn around. >> reporter: let's say you bought your house five years ago for $800,000. that's considered your prop 13 base even if your value goes way up, your assessed value will go up no more than 2% a year. but prop 8 allows the county to reassess your property to reflect a lower market value, which means if your value declines, you'll get a lower tax bill. but here's the catch. if your home value jumps back up but it's still worth less than you paid, you could see a big property tax increase in this case 6.9%. >> it might be 2.1%. it might be 10% depending upon the market that's occurring in that specific neighborhood. >> reporter: while that increase may be a painful surprise, the county assessor larry stone says there's a silver lining. >> for everyone 1% increase in the property taxes, the property owner gains 99% in improved equity. >> reporter: he also says only 10% of the residential property
. >> for those that were previously reduced, we are required by state law, proposition 8, to restore the assessed value to reflect the improving market value when the market begins to turn around. >> reporter: let's say you bought your house five years ago for $800,000. that's considered your prop 13 base even if your value goes way up, your assessed value will go up no more than 2% a year. but prop 8 allows the county to reassess your property to reflect a lower market value, which...
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one of the first laws passed by the first congress back then. whether the defendant may be liable under those violations. a territory of a foreign sovereign. this is very important human right case that will determine whether or not victims of human right abuses can sue corporations in the united states for violations of the billion tort statute of 1789. the question -- it is no question if an billion, like an ambassador gets assaulted by an american citizen, this statute would apply. now justices are being asked if it should be much more expensive and evolving human right cases and foreign companies where there is no particular u.s. nexus. the justice has sounded skeptical of broadening this law, the application of this loss in these kind of cases. connell: peter barnes, thank you very much. dagen: you want even more on the supreme court. we have judge andrew napolitano talking with us about protecting the information on your cell phone. connell: that is coming up a little bit later on in the hour. one of the big name banks got a big write up o
one of the first laws passed by the first congress back then. whether the defendant may be liable under those violations. a territory of a foreign sovereign. this is very important human right case that will determine whether or not victims of human right abuses can sue corporations in the united states for violations of the billion tort statute of 1789. the question -- it is no question if an billion, like an ambassador gets assaulted by an american citizen, this statute would apply. now...
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it's law that just makes sense. so go to legalzoom.com today and see for yourself. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. dagen: a stock that has hit an all-time high 62 times this year. sherwin-williams. barkleys raised its price target to $171 a share and raised earnings guidance for 2013 and did you know this company is based in cleveland, ohio? connell: liz claman standing by with more. liz: without the trucks. the truck is on its way through cleveland showing fox means business and sherwin-williams coming that in a couple years on their 150th year in business. apps williams the number one company in america and number 3 in the world. they innovate all the time at the g
it's law that just makes sense. so go to legalzoom.com today and see for yourself. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore...
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it's law that just makes sensn. ♪ >> i am cheryl casone with your fox business brief. the bearish tone on wall street continues. investors are also bracing for a possible disappointing earning season. that starts off with alcoa. the dow is trading down 76 points. shares of owens corning are under pressure. on the flip side, though, investors are bullish for oil energy. the company provided new operational details to boost testing. last month they announced it would develop 100,000 acres of land adjacent to great bears a grudge. that is the latest from the fox business network. giving you the power to prosper. ♪ ♪ melissa: big bird president obama's newest weapon. the ad is mocking romney on the deficit on wall street. watch this. >> bernie madoff, criminals, and the evil genius who towered over them. one man has the guts to speak his name. >> redbird. >> big yellow a menace to our economy. romney knows it is not wall street you have to worry about, it is big bird. mitt romney, taking on our enemies no matter where they nest. lori: is this what the presidential deba
it's law that just makes sensn. ♪ >> i am cheryl casone with your fox business brief. the bearish tone on wall street continues. investors are also bracing for a possible disappointing earning season. that starts off with alcoa. the dow is trading down 76 points. shares of owens corning are under pressure. on the flip side, though, investors are bullish for oil energy. the company provided new operational details to boost testing. last month they announced it would develop 100,000 acres...